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Global Partnership Has Been Formed By Coinex And Simplex To Offer Credit Card Payments Of Cryptocurrencies

Global Partnership Has Been Formed By Coinex And Simplex To Offer Credit Card Payments Of Cryptocurrencies

CoinEx, an international and professional cryptocurrency exchange service provider, has acquired a new partnership with the leading fiat infrastructure provider, Simplex. It makes cryptocurrency buying more convenient on CoinEx.

This collaboration allows CoinEx users to buy major cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and USDT with their Visa or MasterCard credit cards directly. Various fiat currencies which include USD, EUR and CAD are supported.

“We are delighted to be partnering with Simplex to lower the threshold for more people to enter the crypto world. This is also a milestone for CoinEx, as it’s the first fiat onramp we integrated to our platform. We endeavor to offer our current and potential users with more convenient functions,” stated Haipo Yang, Founder and CEO of CoinEx.

Simplex only charges a processing fee of 3.5% per transaction (minimum 10 USD). The daily limit per user is 20,000 USD, while the monthly limit is 50,000 USD.

“Enabling fast and secure credit card payments are a key step to mass crypto adoption. We are excited to partner up with CoinEx and bring a better and easier experience to users globally,” stated Nimrod Lehavi, the Co-Founder and CEO of Simplex.

With more than one hundred quality projects listed, CoinEx has developed quickly and established itself as one of the renowned cryptocurrency exchange platforms. In December previous year, it also successfully obtained the operating license in Estonia.

“Our goal in 2020 is to cover at least 10 various languages speaking markets, and building a fiat gateway is our first move to attract more users across the world,” stated Haipo.